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What is OptionTrigger?

OptionTrigger is a targeted desktop application tailored for intraday options traders who aim to effectively manage their single-leg calls and puts by responding to real-time stock price fluctuations. This innovative software harmonizes a TradingView chart, which can be accessed via Chrome or TradingView Desktop, with a local execution engine and an Interactive Brokers account through either TWS or IB Gateway. Users are able to pinpoint take-profit, stop-loss, or trailing levels that are contingent on the stock's behavior, select their preferred option contract, and initiate a purchase by clicking Buy, although it's crucial to understand that setting exit parameters does not automatically trigger an entry order. Once the designated price conditions are met, the application can automatically place sell orders for the executed option position, enabling planned staged exits effectively. Its workspace is designed to monitor trading strategies, active orders, filled positions, and connection status, offering traders a thorough overview of their activities. Furthermore, users have the opportunity to refine their strategies using the integrated simulator or an IBKR paper account, while live trading through IBKR requires a Premium subscription. To ensure successful execution, it is vital that the desktop application, chart, and broker connections remain functional throughout the trading hours. Additionally, one should be aware that broker commissions, market data fees, and third-party subscriptions may lead to extra charges beyond the primary service costs. This combination of features not only allows traders to stay organized but also empowers them to adjust their strategies and enhance their trading skills within a fluctuating market landscape. Ultimately, OptionTrigger serves as a versatile tool for traders seeking to optimize their trading experience.

What is Firstrade?

Participating in online trading involves significant risks, as the responsiveness of systems and access times can vary due to factors like market conditions and system performance. It is vital for investors to be aware of these risks, along with other considerations, before executing trades. A thorough assessment of one's investment objectives, potential risks, fees, and costs is essential prior to making any investments. Every investment carries risk, and there is a chance that losses may surpass the original amount invested. The past performance of any security, sector, market, or financial instrument does not guarantee future results or returns. Firstrade functions as a discount brokerage, specifically designed for self-directed investors, offering brokerage services without providing investment advice or any form of financial, legal, or tax counsel. There are no annual fees, initial setup costs, or maintenance charges, allowing you to trade stocks, options, and mutual funds without commissions in your IRA. Our comprehensive trading platforms offer you the flexibility to manage your account and execute trades effortlessly from your desktop, tablet, or smartphone, ensuring you remain connected and can respond quickly in a fast-paced market landscape. Additionally, understanding the nuances of market fluctuations can enhance your trading strategy, enabling more informed decision-making as you navigate investments.

Media

Media

Integrations Supported

Interactive Brokers
TradingView

Integrations Supported

Option Alpha
Utluna

API Availability

API Availability

Pricing Information

$29.99/month
DEMO and IBKR Paper are free. Premium for live IBKR accounts is $29.99 per month, billed and renewed monthly, or $299 per year, billed and renewed annually. The first annual purchase may be fully refunded within seven days; monthly purchases have no partial-month refund. Broker commissions, TradingView plans, and market-data subscriptions are separate.
Free Version

Pricing Information

Pricing not provided
Free Version

Supported Platforms

Windows
Mac

Supported Platforms

SaaS
Android
iPhone
iPad

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

OptionTrigger

Date Founded

2025

Company Location

United States

Company Website

optiontrigger.com

Company Facts

Organization Name

Firstrade

Date Founded

1985

Company Location

United States

Company Website

www.firstrade.com/content/en-us/welcome

Categories and Features

Options Trading

Not specified

Categories and Features

Options Trading

Not specified

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